Navigation Links
Sarnova Acquires Metropolitan Medical to Expand Portfolio of Specialty Health Care Products
Date:11/4/2009

LINCOLNSHIRE, Ill., Nov. 4 /PRNewswire/ -- Sarnova, Inc., the nation's leading specialty distributor of health care products in the emergency medical services (EMS) and respiratory markets, announced today that it has acquired Metropolitan Medical, Inc. Metropolitan Medical is a medical products supplier serving the mid-Atlantic region. Sarnova plans to merge Metropolitan Medical with its Tri-anim Health Services brand, which specializes in respiratory and anesthesia products for the acute care market.

The privately negotiated transaction further expands Sarnova's portfolio of medical products and broadens its national distribution network. The acquisition is the second that Sarnova has completed since partnering with Water Street Healthcare Partners, a leading private equity firm focused exclusively on health care, in 2008 to create the company by merging Tri-anim with Bound Tree Medical.

"Our number one goal is to support our customers in caring for their patients," said Hank Struik, president and CEO of Sarnova. "Metropolitan Medical shares our passion for going above and beyond to serve our customers. Together, we offer our customers the widest array of high-quality medical products and technologies, and a team of highly trained professionals to assist them with selecting products that best meet the unique needs of their patients."

Don Morley, co-owner and president of Metropolitan Medical added, "My partner and I couldn't think of a better company to acquire our business. Tri-anim's reputation and commitment to acute care providers is unmatched in the industry. Its professional and experienced sales force will ensure our customers and vendors receive excellent service."

Since Water Street's investment in Sarnova last year, the company has grown to become the nation's leading specialty health care distributor, offering more than 100,000 products to thousands of emergency medical providers, hospitals and acute care centers across the country.

"Our plan is to further extend Sarnova's leadership position by building on its strong foundation of premier distribution brands," said Kevin Swan, a member of Sarnova's board of directors and a partner with Water Street. "Acquiring Metropolitan Medical accomplishes another building block in our plan to further enhance the breadth of Sarnova's products and expand its national distribution network. We are actively pursuing additional acquisitions that will create greater long-term value for the company, its customers and employees."

About Sarnova, Inc.

Sarnova is the nation's leading specialty distributor of health care products to the emergency medical services (EMS) and respiratory markets. It distributes more than 100,000 health care products to thousands of emergency medical providers, hospitals and surgery centers through distribution centers located across the country. The company is comprised of two major brands: Bound Tree Medical and Tri-anim Health Services. To learn more, please contact Greg Robitaille, 312-506-2974. You can also visit www.tri-anim.com or www.boundtree.com.

About Metropolitan Medical, Inc.

Metropolitan Medical, Inc. is a leading medical products distributor focused on the mid-Atlantic region. Founded in 1971, the company serves more than 500 hospitals in Virginia, Maryland, North Carolina and the Washington, DC market. To learn more about the company, visit www.metropolitanmedical.com.

About Water Street Healthcare Partners

Water Street Healthcare Partners is a leading private equity firm focused exclusively on health care. With more than $1 billion of capital under management, Water Street is one of the most active investors in the health care industry. The firm has a strong record of building market-leading companies across key growth sectors in health care. It has partnered with some of the world's leading health care companies on its investments including: Johnson & Johnson, Medtronic and Smith & Nephew. Water Street's team is comprised of industry executives and private equity professionals with decades of experience investing in and operating global health care businesses. The firm is headquartered in Chicago. For more information about Water Street, visit www.wshp.com.

SOURCE Water Street Healthcare Partners


'/>"/>
SOURCE Water Street Healthcare Partners
Copyright©2009 PR Newswire.
All rights reserved

Related medicine technology :

1. Upstream Biosciences Acquires Innovative Platform Technology and Drug Candidates for Tropical Parasitic Diseases
2. Image Solutions, Inc. Acquires Zurich Biostatistics, Inc.
3. U.S. Preventive Medicine Acquires Specialty Disease Management
4. MacroChem Acquires Rights to Pexiganan, a Novel Topical Anti-Infective for Treatment of Diabetic Foot Infections, From Genaera
5. Nastech Reacquires Teriparatide (Parathyroid Hormone; PTH1-34) Nasal Spray from Procter & Gamble
6. Prescient Medical, Inc. Acquires New Technology to Detect Inflammation in Coronary Blood Vessels
7. Hospira Acquires Worldwide Rights to Biogeneric Version of Filgrastim
8. Hospira Acquires Worldwide Rights to Biogeneric Version of Filgrastim and Manufacturing Facility From PLIVA
9. Wound Management Technologies Acquires Resorbable Orthopedics
10. Bausch & Lomb Acquires the Commercial Assets of Italian Ophthalmic Pharmaceuticals Company Tubilux
11. Kimberly-Clark Acquires Baylis Medical Companys Pain Management Business
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/27/2016)... April 27, 2016  Hologic, Inc. (Nasdaq: ... results for the fiscal second quarter ended March ... of $0.24 increased 41.2%, and non-GAAP diluted EPS ... increased 5.8% on a reported basis, and 6.3% ... "We posted another good quarter, highlighted by 14.6% ...
(Date:4/27/2016)... ALBANY, New York , April 27, 2016 /PRNewswire/ ... new market report titled, "Skincare Devices Market - Global ... - 2023." According to the report, the global skincare ... 2014 and is anticipated to expand at a CAGR ... 17,299.4 Mn in 2023. Browse the full Skincare ...
(Date:4/27/2016)... , April 27, 2016 ... addition of the  "Global Anesthesia Disposables Market ... http://photos.prnewswire.com/prnh/20160330/349511LOGO ) ,The global anesthesia ... a CAGR of 4.03% during the period ... a major threat to patients, safety. Organizations ...
Breaking Medicine Technology:
(Date:4/29/2016)... Village, CA (PRWEB) , ... April 29, 2016 ... ... Philadelphia Pet Expo to promote their animal line of probiotics, Petbiotics ™, ... see the large turnout of animal rescue groups networking for their non-profit organizations. ...
(Date:4/29/2016)... Wilmington, DE (PRWEB) , ... April 29, 2016 ... ... annual SMG Finance, which will be held May 16th to 18th at the ... all of the SMG managed facilities to collaborate on best practices in public ...
(Date:4/29/2016)... , ... April 29, 2016 , ... In its efforts ... Caregiver Services continues its successful franchise development and expansion as it welcomes Ferdie Vasquez ... managerial and administrative experience in his 32 years of working in various industries. ...
(Date:4/28/2016)... CITY (PRWEB) , ... April 28, 2016 , ... ... is on the world stage this week. A group of researchers and leaders ... on the Progress of Regenerative Medicine and Its Cultural Impact ” and receive ...
(Date:4/28/2016)... (PRWEB) , ... April 28, 2016 , ... University of ... McDonald to the role of vice president of Student Engagement. In addition to ... facilities, athletics and student life areas. , “In the space of just one ...
Breaking Medicine News(10 mins):